Hilarius' Hall Of Fame 2 - 2005

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Archive through February 11, 2005 captain_chaza 25 1 11-Feb-05  07:21 pm

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peterloh

Member

Post Number: 1033
Registered: 03-2003

Rating:
Votes: 1


Thursday, February 17, 2005 - 09:24 pm:

Changing Times

Our market is not such a big market. Have we ever thought of the scenario where a big share holder or fund manager spend some money buying more of a certain share and in doing so pushes the price up considerably.Then the next step is to short that particular share using CFDs,options etc .Once this is set go on to sell the actual shares in the market all the way down helped by all those automated stop losses.The same person will cover the shorts later in the day,the next day or some time later again using CFDs for the multiplier effect.The same shareholder may buy considerably more CFDs.The next step is to buy back all the actual shares plus probably a bit more(long). This will again trigger all those that buy on automated break out once again pushing the share price to new territory.There will be a tidy profit at the end of the day. Hard times for those using CFDs and automatic stop losses. We have seen very good blue chips being sold down immediately and coming back in the same day or shortly there after. I do not know whether this game is being played out certainly it is not good for investors using CFDs or margins.This is indeed volatile times.

I remembered Dr Mahatir in Malaysia stopped this type of speculation and claimed that it wouldn't be good for the country.

Weinstein also warned against paying too high a price for any share, no matter how good it is.A safer bet is to buy them just breaking into the stage 2.

Gohard, in the short term we will have to face all sorts of volatility in the stock market. In the long term, a good share will justify its price.This is a shake out for some of the players and new players will be attracted to the market once again.So if the selection justify itself, I believe it will withstand the test of time.

Cheers,

Peterloh

-------------------------------------------------
Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.

nightstalker

Member

Post Number: 734
Registered: 04-2004

Rating: N/A
Votes: 0


Thursday, February 17, 2005 - 09:37 pm:

Wise words indeed Peter :-)

And quite an insight into what fund managers and big investors can do to manipulate the market..... the mind boggles at what small, insignificant little players we all are. Not exactly a level playing field, for sure.

Regards, NightStalker

"The trend is your friend till the bend at the end"

peterloh

Member

Post Number: 1034
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, February 17, 2005 - 10:00 pm:

Nightstalker, I feel for my friends and I do not what to do to help them. I know how a game can be played and it hurts. I am fortunate enough to select shares which I think will withstand the test of time and like what Hilarious says "buy, hold and pray".I am also fortunate enough to buy most of them just breaking into stage 2.Even so, watching CPU go down 50c and $25Ks down for the day is not something to be happy about. Imagine how one feels buying on the breakout and using CFDs for the multiplier effect, it is a two edge sword.So if we keep on buying on breakout alone irrespective of the price we pay for them then I think we should reduce our exposure at such a late stage.This is only my thought and I could be wrong in saying so, but it is better to be careful.I am not computer literate and still have not embark on to using CFDs yet.

Cheers,

Peterloh

gohard

Member

Post Number: 234
Registered: 05-2003

Rating: N/A
Votes: 0


Friday, February 18, 2005 - 11:39 am:

Hi Guys,

Your analysis is clear.

My thoughts now are in relation to the future of this exercise in our trading.

Having been stopped out of those shares indicated above, we get back to the decision as to whether we employ conditional stops or not.

The premium with my broker E*Trade is $20.

I have employed them on previous occasions and found that all of the results could only be accessed after the result.

I was either left wanting or glad the stop had been activated.

My choice at the time was to apply ATR as a fixed cent value as the trigger, set by the close of the day, there is no allowance to set it weekly, which may contribute to illuminating the spikes that occurred during the week.

It has ready been pointed out that maybe the stops are to tight but that leaves us with the choice of how much we really want to loose at the end of the day.

It seems we are between a rock and a hard place,so do we take the challenge posed by Ingot and make the ASX aware of our concerns!!!!

The days trading seems to defy logic,can logic be applied in these cases.

My thought now rest with what to do.

Should I buy them back at a premium?

They were my best choice at the time of buying originally, with the result I expected the growth to continue in the uptrend previously displayed on the charts.

It turned out that what I thought was completely wrong from my TA.Learning curve now in place!!

Cheers G

gohard

Member

Post Number: 235
Registered: 05-2003

Rating: N/A
Votes: 0


Saturday, February 19, 2005 - 11:20 am:

Morning Forum,
I have taken the decision to re-enter the stocks MAP and GTP at the closing prices Friday.
MAP buy 3.38 SL 3.14
GTP buy 4.65 SL 4.32
My reason is that I paid the insurance for the stop loss's and they were activated under funny circumstances, I feel the upside is still in place and for this purpose I have paid the penalty to try and prove the point,also having never re-entered a stock before to confirm my convictions.
It will be an interesting period
My other replacement is GPT buy 3.88 SL 3.60
This stock on the weekly is up-trending in MACD,Twiggs, and DMS has crossed over the 25 index looking for ATH to break at 3.94 and beyond good volume for the week.
Good Trading
Cheers G

GPT

stevo

Member

Post Number: 263
Registered: 01-2003

Rating: N/A
Votes: 0


Saturday, February 19, 2005 - 06:56 pm:

All
I'm buying;
BIL
UGL
On the open price on Monday.

I am using a mechanical system that uses weekly charts. Since it is still under development I am in no rush to use it. I thought that I would try it here.

stevo

stevo

Member

Post Number: 264
Registered: 01-2003

Rating: N/A
Votes: 0


Sunday, February 20, 2005 - 10:13 am:

Also topping up on;
NLX
on Monday since I got the position sizing wrong! Too many JBM and not enough NLX - glad I'm not trading this system live.

stevo

gohard

Member

Post Number: 238
Registered: 05-2003

Rating: N/A
Votes: 0


Tuesday, February 22, 2005 - 02:49 pm:

Shawky,
Seems the "Kangaroo Tail" was not an indication of the Bull market sentiment continuing, stopped out of the following today.
FCL SELL 2.14 LOW 2.13
MAP SELL 3.14 LOW 3.13
RCL SELL 3.23 LOW 3.22
I will adjust the statement and set replacements by the weekend.Seems my homework is not good enough on the range of stocks in the watch list at present.
Then again I am protecting my capital which allows me to survive another day.
Cheers G

gohard

Member

Post Number: 240
Registered: 05-2003

Rating: N/A
Votes: 0


Tuesday, February 22, 2005 - 03:18 pm:

Shawky,
Sorry about the last post, if it got through,I had the wrong page open. The post has been deleted by me.
It should have read as below. Replacement to follow
Hilarius 1 CLH SELL 1.53 Low 1.37

ken

Member

Post Number: 122
Registered: 04-2003

Rating: N/A
Votes: 0


Thursday, February 24, 2005 - 01:04 pm:

Shawky and all,

I haven't been keeping up with this day by day but I have done the following trades which I would like included in my game.

Sell CPU 22 Feb 5.77
Sell GTP 23 Feb 4.57
Sell RDF 22 Feb 3.80

Buy HDR 23 Feb 1.89
Buy QGC 24 Feb 0.57
Buy BBG 18 Feb 12.06
Buy NCM 23 Feb 17.32

Can provide contract notes if required. Can anyone give me feedback whether you think this is fair - I left out ADY at 0.097 and MGX at 0.48 that I actually bought within this period to maintain a sense of fairness.

Regards,

Ken

Price is the leader of the market crowd. (Elder)
Members of the crowd follow the leader and experience the same emotions as each other.
To be independent of the crowd we must not change our behaviour with price.

stevo

Member

Post Number: 270
Registered: 01-2003

Rating: N/A
Votes: 0


Thursday, February 24, 2005 - 05:38 pm:

Ken
I think that trades need to be signalled in advance. I know you intentions are honourable, to include the trades that you have actually taken, but all sorts of issues crop up with this delayed approach.

For starters;
1. Trading is about being able to plan in advance a course of action, no point planning in arrears. Acting on the plan is a significant part of trading.

2. Obviously if someone wants to play games they could only pick the stocks they bought that went up.

3. All sorts of accusations could get out of hand over something that is just a game. Contract notes at 10 paces doesn't sound like a good idea.

I am using this game as a test for a system I have that I am not comfortable with - for me it's not about winning but about understanding a system better. I would be surprised if I got even close to winning this. There are some gun traders in the HofF.

I am sure that there are some rules already on this stuff somewhere.

stevo

ingot54

Member

Post Number: 423
Registered: 05-2004

Rating: N/A
Votes: 0


Thursday, February 24, 2005 - 06:41 pm:

Shawky - Have been stopped out of the following, and as I am not operating in the current untrending conditions, I have gone to cash in all of the stopped-out shares.

If I would not replace them in my real trades, I cannot do it for the sake of the exercise - they are all destined to be stopped out - the market is telling us all - just have a look. I am bearish full stop at the moment.

As the shares I retain get stopped out, I intend to hold whatever is left of $Hilarius, for when some decent shorting opportunities become apparent to dumbos like me, or the trend resumes upwards.

AMP - stopped out on 17/02/05 @ $7.26
PBL - stopped out on 16/02/05 @ $15.49
PPT - stopped out on 22/02/05 @ $62.46
WES - stopped out on 23/02/05 @ $37.39

Today I was stopped out of PBL in real trading, @ $14.95, at 10:09 hrs.

For the record, PBL opened at $15.55, dropped as if shot to $14.87, effectively removing Ingot from the equation, then closed the day at $15.50. I am piffed oss! Unfortunately I was not on the screen today - I got the message at 17:40 hrs this evening.

If a kite can just catch the breeze, how high can it go...

ken

Member

Post Number: 123
Registered: 04-2003

Rating: N/A
Votes: 0


Thursday, February 24, 2005 - 07:25 pm:

Stevo,

Call me disorganised but I often have not decided before market open whether I am stopped out, or what I will buy. I operate like some others here where it depends how the price moves after the open on whether my stop is acted on - the indication of being stopped out is different to the execution.

Shawky's rule 9 from January is as follows ;-

" 9. All players will be managing their own bank so the only restriction to trade prices are:
a. the opening price will be used where the trade is posted to the forum prior to market open; or
b. your real life trade price excepting that it cannot be the low (for a long or short stop) or high (for a short or long stop) for the day, and you may be subject to scrutiny.
c. GSLO get the price set, stops are honoured provided the stock did not gap over, and if so, a price one tick below the gap price will be accepted, else your real life stop price.

All trading intentions must be posted prior to market open to valid the trade)"

I take your point re being able to pick and choose - since 11 Feb I have had some experimental trades but none I was confident enough about to include in the game. I have been developing a slightly changed system and it was not ready until 18 Feb. The trades here with the exception of a mucked up experiment on VSL and a buy of ADY at 0.097 (roughly cancel out) were all the trades I have executed in the period from 18 Feb to when I posted.

For tomorrow, SDG has hit the stop but I don't know if I will sell it tomorrow - depends on what it does.

Hope this is acceptable to all.

Ken

_cj_

Member

Post Number: 121
Registered: 09-2004

Rating: N/A
Votes: 0


Friday, February 25, 2005 - 06:00 am:

Taking a lack of notice of this game at the wrong time has ended up in a bit of a mess.

DJS & PBG have broken down badly and I am going to have to close them on the open today. If i was paying any attention they would have been closed as soon as they broke support.

CRS has also broke down yesterday and has to be closed.

BWP and JST also look like they are barely holding on.

Having ever more of a look now at ASX200 stocks since my post in the short term section I am thinking that maybe shorting might be on the cards.

Shawky I have seen CFD's mentioned a few times but dont recall them ever being an option for this game? Considering the costs involved and the extra calculations I imagine they are not?

CFD's or not I would like to short JBM & DVC. $10,000 normal lots.

I would also like to go long on MXL, $10,000 worth and add another $5,000 worth of LUM.

All prices taken from todays opening.

I will go over the numbers today to make sure I am not exceeding $100,000. If so I will try to make appropriate adjustments.

Cheers,
-cj-

"Man is ignorant of the nature of his own being and powers. Even his idea of his limitations is based on experience of the pad. There is therefore no reason to assign theoretical limits to what he may be, or what he may do."

"The foremost of all illusions is that anything can ever satisfy anybody. That illusion stands behind all that is unendurable in life and in front of all progress, and it is one of the most difficult things to overcome."

wambam

Member

Post Number: 46
Registered: 10-2003

Rating: N/A
Votes: 0


Sunday, February 27, 2005 - 07:56 pm:

All

Selling VSL on the open Mon 28th

Wambam

gohard

Member

Post Number: 242
Registered: 05-2003

Rating: N/A
Votes: 0


Monday, February 28, 2005 - 02:06 pm:

Shawky,
Confirming changes to the portfolios 1&2,apologise for not keeping up to date on both, but have adjusted sell items on the stop losses in place at my std 7% and found the following changes have taken place.
The new purchases were either at close Friday or opening today.
All buys were confirmed by MACD crossovers.
Good trading
Cheers G
Hilarius 1
Sell AMC 6.86 Buy AWC 5.98 S/loss 5.56
Sell BOQ 10.18 Buy CML 9.31 S/loss 8.65
Sell CLH 1.65 Buy CSR 2.39 S/loss 2.22
Sell FCL 2.14 Buy ENE 3.71 S/loss 3.45

Hilarius 2
Sell FCL 2.14 Buy TEL 5.58 S/loss 5.44
Sell GTP 4.32 Buy ZFX 3.23 S/loss 3.00
Sell RCL 3.23 Buy RIN 11.11 S/loss 10.33
Sell RIC 1.38 Buy OSH 2.12 S/loss 1.97
Sell MAP 3.14 Buy ARQ 2.00 S/loss 1.86

shawky

Member

Post Number: 497
Registered: 11-2003

Rating: N/A
Votes: 0


Monday, February 28, 2005 - 09:07 pm:

Hi everyone
I do sincerely hope that everyone survived the little hickup on XJO in Feb. I noticed a lot of stops were hit and trading activity was rather high for a long term trading game.

Please make sure that you have emailed me you latest bank spreadsheet as I will be preparing a Feb report later this week. I have been receiving emails from a few players.

I must admit I have not checked nor posted my stops but they were all GSLO, and I will not be selecting replacements until after my full ASX200 chart review with a colleague this Thursday.

I have also prototyped a new Single User Portfolio Manager so will be emailing/posting this shortly.

regards
Shawky

ken

Member

Post Number: 125
Registered: 04-2003

Rating: N/A
Votes: 0


Tuesday, March 01, 2005 - 10:34 am:

Shawky,

I was stopped out of QGC yesterday at 0.54 but must have closed the web page before sending. You can verify this - I sent my amended spreadsheet last night.

Ken

_cj_

Member

Post Number: 123
Registered: 09-2004

Rating: N/A
Votes: 0


Wednesday, March 02, 2005 - 06:16 am:

God knows what I was thinking shorting JBM and DVC, especially after saying already that I was not going to short again; perspective comes and goes in patches sometimes i guess.

My thinking was that maybe there might be more consolidation in the market this week but its stupidity to think you could suddenly predict a short/mid term turn in such a bull market. I dont know how many times I have read on this forum about confirmation of trend.

I think I am going to have to stick with lower priced short/mid term stocks which I am more comfortable and accompanied with, and stay away from the blue chips until I do a lot more learning.

Close JBM and DVC on open and go long on MOS with a bid at .18.

Cheers,
-cj-

peterloh

Member

Post Number: 1038
Registered: 03-2003

Rating: N/A
Votes: 0


Wednesday, March 02, 2005 - 06:59 am:

BOTTOM LINE:

Have anyone ever thought of the bottom line, where it counts?

In real live if we hold a share over a period of 12 months our capital gain tax will be reduced by 50%.If we trade short term our money will have to work twice as hard to make up for this 50% difference. There is no guarantee that this could be achieved. A selection of good shares with the assistance of technical analysis on the entry and exit timing will help produce a satisfactory result.

Give this a thought, it may assist us in our decision whether to enter a trade in the first place on a particular share instead of jumping in or out.We could have over trade and it is adverse on our overall trading result.

Just talking to myself and wishing others that trade short term every success, whilst for a long term trader like me I will try to shut out the noise and shadows in the event they shake me off a trade. Feeling bored but contended.

Cheers,

Peterloh

stevo

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Post Number: 274
Registered: 01-2003

Rating: N/A
Votes: 0


Wednesday, March 02, 2005 - 03:40 pm:

Peter
In real live if we hold a share over a period of 12 months our capital gain tax will be reduced by 50%.

Unless of course one trades using a company structure.

I do agree though with your general thoughts on shorter term trading. Having a longer term strategy is much easier to manage than a short term strategy. Ultimately I can make more money out of longer term trading than I could make out of short term trading.

So far in Hall of Fame 2 I am yet to sell a share - it's very early days for this strategy. Think 5 to 10 years out, not 5 to 10 weeks - "where do I want to be?"

In real life the big winners, in general, come from the longer term trades - well in excess of 1 year. It is rare to make 100% plus on a trade in a few weeks - but it is not uncommon to make 100% to 300% plus over 12 to 36 months. These sorts of gains well and truly offset the relatively small $ losers in a well managed portfolio.

Of course what suits me won't suit others! What I consider long term may be short term for some!

stevo

peterloh

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Post Number: 1047
Registered: 03-2003

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Votes: 0


Wednesday, March 02, 2005 - 04:38 pm:

Hi Stevo,

I notice you are like me "fallen asleep on the job",not doing anything( just joking only, of course). I learn from real life experience having made a few hundred percentage point out of CTX, UGL, COA and a few others and then gave them away only to find that I couldn't even see the rear of them any more, as they have climbed so fast.Now I look forward to the day that I have one that is 1000% which is a long wait coming from the ASX 100.

A couple of years ago I reflected what it would have been had I just kept them instead of hoping to swap them over for some new ones and hoping the new ones would performed.
That's is how my Hillarious 10 selection came from, mainly from shares just coming off stage 1 as in Weinstein except I had the luxury of knowing a bit more about my selection.

However my selections were too lopsided having a high concentration of diversified financial, therefore I can't call myself an investor but a long term trader by not having a well diversified portfolio.It is also my real life trade except that I had several of them picked at a very low base a couple of years ago with the others from last year and PIF which I owe it to Hillarious himself, a recent one.Having said that, I did pay due diligence to it before jumping on board.

Picking them early also had their downfall as I had a few that fell by the wayside namely SGW, ION and HWE except that I was lucky enough not to be caught with any of them except the time wasted and the opportunity cost.So technical analysis does help.Your patience in selecting them a bit later waiting the trend to be confirmed first is probably a safer approach.

You also rightly pointed out that a company structure does not have the luxury of having a 50% capital gain tax discount.

You always have words of wisdom and you put it in such a way that is easy to understand and I always look forward to read your contributions in the forum.

Cheers,

Peterloh

deanrosario

Member

Post Number: 562
Registered: 11-2002

Rating:
Votes: 2


Wednesday, March 02, 2005 - 11:25 pm:

I don't mean to interrupt this thread, but I'm always intrigued by the "short term" v "long term" trading debate and Peterloh and Stovo have both raised very good points.

Peterloh - your thoughts on CGT are very true but, as has been mentioned in other posts, if the ATO treats you as a trader, profits / losses are not considered "changes to capital", but rather changes to "trading stock".

Stevo - you've said that "in real life the big winners, in general, come from the longer term trades - well in excess of 1 year" and, "it is rare to make 100% plus on a trade in a few weeks".

What you've said is certainly true but you must not forget the "time value of money".

By way of illustration, consider these scenarios where I have $1000 to invest in whichever way I choose ...

A. I purchase 1,000 XYZ shares @$1.00 today. Five years later, the share price has risen to $5.00 and I sell the shares.

Profit = $4,000
Investment = $1,000

Return on investment = 400% over 5 year period
Simple daily return on investment = 0.22% per day

B. I go long 4,000 CFD shares (leveraged at 5%) today at a unit price of $5.00. 3 days later, the CFDs are trading at $5.05 and I close my position.

Profit = $200
Investment = $1,000

Return on investment = 20% (in 3 days)
Simple daily return on investment = 6.7% per day

C. I go long 25 index CFDs (leveraged at 1%) today @ a unit price of 4000. 60 minutes later, I close the position when the unit price hits 4004.

Profit = $100
Investment = $1,000

Return on investment = 10% (in 60 minutes, but we'll call it a day!)
Simple daily return on investment = 10% per day

Note: Commission costs need to be considered in Scenarios A & B; and additional financing costs with Scenario B.

But, as you've rightly pointed out - each person should trade according to his/her style.

Regards
Dean

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." George Soros

shawky

Member

Post Number: 498
Registered: 11-2003

Rating:
Votes: 1


Thursday, March 03, 2005 - 12:31 am:

Thanks Dean, Peter
If one uses a long term trading system then it makes sense to me to take advantage of the 50% capital gains tax concession.

However, I am with Dean on the profit calculations and have found to date that I am better off taking the profit more often rather than holding on purely to save on tax. The difference in earnings (in the current bull market) far outweighs the tax implications.

As Stevo pointed out, in a company the concession does not exist, and for many of us, once our portfolio grows and the funds increase, it makes sense to roll it all up in a company.

I am focusing on both short term and long term. I am using short term to make the bucks whilst the market is kind to me and long term to enable me to have free time down the track.

I have also found that the amount of money one has to invest also impacts the investment timeframe. It is a little harder to move larger sums of money in the short term than it is in the long term. Also, as my trading system is more discretionary rather than mechanical I must restrict the number of stock positions I have open else it becomes onerous to manage.

regards
Shawky

shawky

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Post Number: 499
Registered: 11-2003

Rating: N/A
Votes: 0


Thursday, March 03, 2005 - 12:42 am:

Team
I have received and processed Bank spreadsheets for:
Archer CJ Gohard Grewolf Hilarius Ingot54 Ken Magneto Marsupial Nighstalker Stevo Starboard_Tack Shawky Stun Wambam Aladdin and Hans

Players that registered but are yet to contribute include:
Rederob Smallworld Bandicoot Wambam Mike and Leggie

Please pay particular attention to stocks that do name changes be they temporary or permanent. The Bank must reflect valid stock codes on the days which I calculate the portfolio values. Marsupial, I sent you an email regarding RSNCD where there is no price on 28 Feb 2005 in my EOD data.

I have almost completed the Portfolio Manager and have emailed the beta release to several players. I hope to get prompt feedback, make any last minute fixes before emailing all players their own Portfolio Manager. This will also apply to the Hall Of Fame Game 1.

regards
Shawky

peterloh

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Post Number: 1048
Registered: 03-2003

Rating: N/A
Votes: 0


Thursday, March 03, 2005 - 07:34 am:

Dean,Shawky

It is interesting to note one can use leverage to multiply one's wealth especially under today's enviroment where the effect could be 20 times or more by using CFDs.I wouldn't want my exposure to be long term either having so much riding on it.

The other interesting point that Dean brought out is investment should stand on its own merits, not because taxation is the main concern.I wonder how much investments were made using taxation as the main consideration without considering the merit of the investment.

I do use margin lending for leverage however I am the more conservative type borrowing 60% from my outlay. I won't go into details but only running 5th in the Hall of Fame 1 and the portfolio I selected had a return of average 69% over the 12 calender months there are certainly some very good performers and talented traders.I haven't sold any of my original selections except that one of my selections MIA was bought out by DVC, which was my replacement.

Cheers,

Peterloh

shawky

Member

Post Number: 505
Registered: 11-2003

Rating: N/A
Votes: 0


Thursday, March 03, 2005 - 11:56 pm:

Marsupial
Your email adress is bouncing so I can't send you the Portfolio Manager.

Also, you emailed me your bank containing RSNCD bought at 0.02 on the last day it traded. As the stock is no longer trading or in trading halt I have temporarily removed it from your bank.

regards
Shawky

shawky

Member

Post Number: 506
Registered: 11-2003

Rating: N/A
Votes: 0


Friday, March 04, 2005 - 12:01 am:

gohard

Member

Post Number: 247
Registered: 05-2003

Rating: N/A
Votes: 0


Friday, March 04, 2005 - 09:57 am:

Hi Gentleman,
Interesting to note the top 7 players have managed to show a profit right from the word go, whereas my self i have been jumping in and out according to my plan of s\l.
My reading of the ASX200 is there are at the moment only a few stocks that are stable and have continued their trend that was in place at the start.
Were you prudent in the stock selections or is your plan/money management working better than most.
Your thoughts,
Cheers G

greywolf

Member

Post Number: 283
Registered: 04-2004

Rating: N/A
Votes: 0


Friday, March 04, 2005 - 12:38 pm:

Hi Shawky,
Just returned from overseas and need to do a little housekeeping on the portolio as follows:-
stopped out of MAP,CPU and SFE during my abscence
buying on market now TAH @ 18.84, MAP @ 3.20 and CPU @ 5.69
portfolio emailed
regards
cheers
greywolf

Keep this in mind; The Stock Market does not care what you or I think!

shawky

Member

Post Number: 509
Registered: 11-2003

Rating: N/A
Votes: 0


Friday, March 04, 2005 - 01:08 pm:

I was stopped out using GSLO for AMP VSL MAP and CPU
I will be replacing these with the following stocks this afternoon.
VSL 1.14
OXR 92c
PBL 16.14 (bought this morning at 16.02)
VPG 1.31

ERG MAP and CPU are in my HOF 1 game so I'll try to keep my holdings different.

regards
Shawky

magneto

Member

Post Number: 86
Registered: 08-2003

Rating: N/A
Votes: 0


Sunday, March 06, 2005 - 10:31 am:

Pruning the non-performers:

Out:
ITE 0.28 (based on actual). Very disappointing.

In:
ROC 1.81 (Fri's closing). Will update with Mon's opening.
OXR 0.92 (Fri's closing). WIll update with Mon's opening.

Sincerely,
Mag

gohard

Member

Post Number: 249
Registered: 05-2003

Rating: N/A
Votes: 0


Sunday, March 06, 2005 - 12:50 pm:

Afternoon Shawky,
APA Stopped out H2 4/3/05 3.72 H 3.76 L 3.55
I will replace at opening Monday hopefully.
Have a great day
Cheers G

wambam

Member

Post Number: 50
Registered: 10-2003

Rating: N/A
Votes: 0


Sunday, March 06, 2005 - 09:27 pm:

Am looking to Buy:
1. RMD - Mon Open a tick above Friday's close of 7.59

Wambam

peterloh

Member

Post Number: 1054
Registered: 03-2003

Rating:
Votes: 3


Monday, March 07, 2005 - 08:21 pm:

THE NOISE:

As a long term trader I am trying to block out the noise whilst the short termers use it as an opportunity to make some money out of it. Kanga tails, hangman or hammers are opportunity by some to enter or exit a trade,while I ride the trend.Sometimes these retracement are opportunities to top up on one I fancy, other than that they are all noise that I am trying to keep out in my trade.

Cheers,

Peterloh

gohard

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Post Number: 250
Registered: 05-2003

Rating: N/A
Votes: 0


Wednesday, March 09, 2005 - 12:10 pm:

Afternoon Shawky,
Stopped out H2 GPT 3.60.
Will choose new replacement and post bank w/end
Cheers G

stun

Member

Post Number: 57
Registered: 03-2004

Rating: N/A
Votes: 0


Wednesday, March 09, 2005 - 02:11 pm:

Hmmm, I have been on Holidays, and I note my HOF2 NAL holdings, plus some other dodgies, have left me being punished on the rankings chart!! I should have put in place some stop losses before I left. However, in the interests of being long term, ( and also due to my account being made of Hilarius dollars

) I neglected to do so.
Will review my position at the end of the week, and make the necessary changes on my Bank sheet. Better knuckle down to some serious portfolio management!
Cheers
Stuart

‘There is a time to be long, a time to be short, and a time to go fishing.’

... Jesse Livemore

_cj_

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Post Number: 124
Registered: 09-2004

Rating: N/A
Votes: 0


Friday, March 11, 2005 - 12:02 am:

Close BWP on the open, go long on DRA on the open and put in a bid for VRI at .16; both 10,000 lots.

Cheers,
-cj-

_cj_

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Post Number: 125
Registered: 09-2004

Rating: N/A
Votes: 0


Friday, March 11, 2005 - 01:49 pm:

Long on DYL at current ask as of 2:50pm, .055.

I take it that its alright to take real time prices?

Cheers,
-cj-

magneto

Member

Post Number: 90
Registered: 08-2003

Rating: N/A
Votes: 0


Saturday, March 12, 2005 - 01:22 pm:

HOF2ers,

More capital protection measures:

Sell EMI 0.25 (will update to Mon's opening)
Sell PSV 0.355 (will update to Mon's opening)

Have a good weekend all.

Sincerely,
Mag

julles

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Post Number: 1398
Registered: 01-2003

Rating: N/A
Votes: 0


Saturday, March 12, 2005 - 11:11 pm:

Archer is just so good at this stuff. Hall of Fame, he's been picking good stock for ages now.

Do you have an opening for a side kick Archer? I'd be happy to type your buys and sells!

Julles

for a reasonable pay of course. :-)

stun

Member

Post Number: 62
Registered: 03-2004

Rating: N/A
Votes: 0


Monday, March 14, 2005 - 08:18 am:

Hi there folks. GTM; Got to sell this one on open Monday.
Replace with HIG on open Monday. Will update spreadsheet before weeks end.
Cheers
Stuart

‘There is a time to be long, a time to be short, and a time to go fishing.’

... Jesse Livemore

_cj_

Member

Post Number: 126
Registered: 09-2004

Rating: N/A
Votes: 0


Tuesday, March 15, 2005 - 12:23 am:

Close dyl on the open. I only just noticed that they decided to release 33 million shares into the market at 3 cents.

Will replace it with a bid for LVL at .10.

Sorry for all the playing around but I have quickly realised that I have little to no long term skills on higher priced stocks as my focus since I have approached the market has been lower priced stocks short to mid term.

I wish I was more prepared and organised with a longer term view and could use this game more appropriately, but another thing I have realised is how long it takes to digest everything, creat experience and then put it all into practise at will. All in good time I hope.

Peter\Stevo\Shawky,

I am curious but what happens when the market starts to move sideways or down? Can you still find enough performing blue chips in a bear market? I also imagine that it is a lot harder to creat a strategy for shorting a market over a long period of time.

I am still finding my way but can see the obvious logic in longer term trading strategies; but I wonder whether maybe it is easy to go on about long term strategies being better considering the Australian market over the past 2 years.

I guess when one market turns you can just look to another. Just curious as to how the long termers adapt in a changing market.

Cheers,
-cj-

(Message edited by _cj_ on March 15, 2005)

archer

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Post Number: 526
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Votes: 0


Tuesday, March 15, 2005 - 08:12 am:

Hi Julles
Just been lucky to be in the right sector
Most of my picks are resource stocks as ive been bullish
on them for a few years and i think it will continue for the rest of the decade at least
Having said that, i think resources are ripe for a correction(check the commodities thread under markets)
so i will probably take a hall of fame hit as i dont think
i,ll have time to put into the game
-----
Shawky-is it possible to short the market as a hedge????
Archer

shawky

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Votes: 0


Tuesday, March 15, 2005 - 11:15 am:

Hi Archer
yes it is possible to open short positions. I have not implemented any support for leverage so if you short the market (i.e. XJO or a sector index) then it can't be leveraged so you need to have sufficient cash to take out the hedge (i.e. lets assume 100% margin requirement at the present time). Brokerage will still apply.

By the way players, brokerage was $50 and was based n a $10k position, for trades over 10k brokerage is 0.5% as the Monastery is in bad need of maintenance and needs the income.

Julles
You are welcome to join the game, it is not too late for many of us are yet to make it across the starting line.

CJ
I have not traded in a bear market so can't answer your question. I have taken short positions and this will hopefully be my primary trading during a bear market. For a ranging or thrashing market I hope there will still be trenders though fewer. I am also working on a shorter term strategy to take advantage of thrashing/ranging.

Also the preference is for realistic (live) prices and volume to be used, but in general ones post should be timed with the trade (preferably posted prior).

regards
Shawky

archer

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Votes: 0


Tuesday, March 15, 2005 - 11:38 am:

Ok say i want to short the XJO
In real life i use the SPI with each contract requiring
$2,500 initial margin with each point being worth $25
One contract being worth the index X 25 which is currently
4230 X $25 = $105,750 so i would have to sell my entire
portfolio to short the index if there is no leverage

shawky

Member

Post Number: 515
Registered: 11-2003

Rating: N/A
Votes: 0


Tuesday, March 15, 2005 - 05:20 pm:

Archer
How would you propose we manage the hedge in the spreadsheet and what rules do you propose for this game?

The portfolio calculation do work with shorts but the cash balance tracking does not account for margin or shorts (shorts are treated as credits to the cash balance).

The margin for using XJO as a hedge in CMC or other market makers is 1% though sufficient funds must also be present in the account to cover losses as they occur. Shorts also earn interest.

If you entered a Sell on XJO (instead of the SPI) in the spreadsheet at say 4230 with a Qty of 25 then the spreadsheet would calculate your portfolio value correctly. However your cash balance would be meaningless as the short positions adds to your cash balance.

regards
Shawky

archer

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Registered: 11-2002

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Votes: 0


Wednesday, March 16, 2005 - 08:54 am:

Shawky
I'll see if i can come up with something simple
I dont want to complicate things

starboard_tack

Member

Post Number: 212
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, March 16, 2005 - 04:04 pm:

Hi Shawky,
Just returned from a month overseas and have checked my GSLO's. Changes to my portfolio as follows:-
stopped out of MAP on 16/2/05 @ 3.19, RCD on 24/2/05 @ 5.64, and TAH on 24/2/05 @ 16.44
Updated portfolio has been emailed.
Will now have to look at replacements.

Interesting to note that my portfolio would be better off if I had not had any stops in place while I was away! I only use stoploss orders on my real portfolio when I am away. I prefer to use weekly closes, but Comsec won't accept those as triggers unfortunately.

regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

gohard

Member

Post Number: 255
Registered: 05-2003

Rating: N/A
Votes: 0


Thursday, March 17, 2005 - 10:38 am:

Hi Shawky,
VSL stopped out Tuesday 15/03/05 1.21,looking for replacement will advise asap
cheers G

gohard

Member

Post Number: 258
Registered: 05-2003

Rating: N/A
Votes: 0


Friday, March 18, 2005 - 12:01 pm:

Morning Shawky,
Follow up on replacements for HOF 1,HOF2.
HOF1 SELL PBL 15.40 4Th March
SELL BSL 9.21 10Th March
BUY JST 2.91 18Th March S/L 2.70
BUY OSH 2.43 18Th March S/L 2.25
HOF2 BUY PRK 6.36 18Th March S/L 5.91

All Buys based on the MACD crossover, rising OBV
Will post Statement on the weekend
Cheers

archer

Member

Post Number: 537
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, March 23, 2005 - 09:33 am:

Sell ADY @ 18c

archer

Member

Post Number: 538
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, March 23, 2005 - 10:09 am:

Sell CEY @ 4.93
Sell TAP @ 2.10
Sell AFT @ 0.019

archer

Member

Post Number: 539
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, March 23, 2005 - 10:21 am:

Buy EMP @ .50c

gohard

Member

Post Number: 260
Registered: 05-2003

Rating: N/A
Votes: 0


Monday, March 28, 2005 - 01:06 pm:

Afternoon Shawky,
Cleaning up after the Easter break and have the following changes to make.
Stopped out HOF 1 CTX 15.71 OSH 2.40

Replace with AGL 14.23 Stop loss 13.23
Replace with ABS 5.45 Stop loss 5.15

Stopped out HOF 2 OSH 2.40

Replace with ALN 9.01 Stop loss 8.37

Difficult to find my normal trending stocks and these are the choice made on MACD and 30day support.
Bank statement to follow
Thanks G

wambam

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Post Number: 51
Registered: 10-2003

Rating: N/A
Votes: 0


Monday, March 28, 2005 - 07:31 pm:

GAS stopped out @ 2.45

Wambam

gohard

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Post Number: 263
Registered: 05-2003

Rating: N/A
Votes: 0


Wednesday, March 30, 2005 - 11:20 am:

Morning HOFers,
Seems I should sit back and respect the market choices I have made in the past weeks smashed yesterday following stop losses triggered. Will access and renew ASAP.

HOF 1 ENE Sell 3.85

HOF 2 ZFX Sell 3.00
ARQ Sell 1.86
RIN Sell 10.97
PRK Sell 5.94
Cheers G

archer

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Post Number: 542
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, March 30, 2005 - 12:38 pm:

Sell EMP @ 0.45
Buy CRS @ 0.47

ken

Member

Post Number: 152
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, March 30, 2005 - 01:24 pm:

Hello Shawky,

I've been selling down my portfolio after hitting -6% for the month, and can now record the prices in my HOF2 portfolio that I got out at.

Sell

ARQ 1.82
BBG 13.12
CTL 1.08
HDR 1.87
KZL 1.25
NCM 17.13
PEM 1.06
PSA 1.11

Apart from those I have only SDG which I didn't own and will sell at the current price of 1.94 (bid at 1.20 pm)

I will amend the bank and send it to you, then have a look at shorts, for both HOF2 and real use.

Ken

archer

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Post Number: 545
Registered: 11-2002

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Votes: 0


Wednesday, March 30, 2005 - 02:00 pm:

Buy QED @ 0.038

gohard

Member

Post Number: 264
Registered: 05-2003

Rating: N/A
Votes: 0


Wednesday, March 30, 2005 - 04:59 pm:

Hi Shawky,
Another stop hit
HOF1 ANN Sell 9.66
Thanks
Cheers G

gohard

Member

Post Number: 265
Registered: 05-2003

Rating: N/A
Votes: 0


Thursday, March 31, 2005 - 10:50 am:

Morning SHawky,
Still hitting SL's

HOF 1 SELL AWC 5.87

HOF 2 SELL SSX 1.32

SELL ZFX 3.00

As before will adjust ASAP
Thanks G

magneto

Member

Post Number: 98
Registered: 08-2003

Rating: N/A
Votes: 0


Saturday, April 02, 2005 - 11:14 am:

Hi fellow HOF2ers,

My portfolio is doing horribly!. I thought the tech sector will do better with the upturn in the general IT sector, but it was not to be. Now the insurance sector has been hit too ... perhaps I should call my portfolio the H.O.Shame

Shawky,
I have just emailed over my portfolio.

Sincerely,
Mag

shawky

Member

Post Number: 521
Registered: 11-2003

Rating: N/A
Votes: 0


Saturday, April 02, 2005 - 12:26 pm:

Team
If you have not yet emailed me you HOF Bank Statement for march then please do so before Sunday afternoon.

Magneto, I believe I am also in the red. I must admit I have not given the portfolio much attention, but as it uses a long term approach I am not phased at this stage. I think I am cashed up as my stops were probably hit during the month. I am using this game to test Guaranteed Stops.

Meanwhile I am also trying to verify the methodology using back testing. The problem with GSLOs is that they get caught by intraday moves if set too tight. When the market is going well this is undesirable, BUT when market panic sets in, the bounces don't usually occur, so the GSLO does its job.

regards
Shawky

stevo

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Post Number: 284
Registered: 01-2003

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Votes: 0


Monday, April 04, 2005 - 08:23 am:

Shawky / all
I'm selling TGR on the open today.

I didn't get around to emailing or looking at spreadsheets as I got caught up in some 14 hr crisis talks yesterday. I didn't sell anything in March so it shouldn't matter.

regards
stevo.

greywolf

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Post Number: 286
Registered: 04-2004

Rating: N/A
Votes: 0


Tuesday, April 05, 2005 - 04:17 pm:

Shawky, Just back in town today after ten days away! Will look at portfolio tonight as I am sure there are a few stops that have been hit. Will email spreadsheet later this evening.
cheers

Keep this in mind; The Stock Market does not care what you or I think!

marsupial

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Post Number: 39
Registered: 01-2004

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Votes: 0


Wednesday, April 06, 2005 - 10:17 pm:

No change to either of my holdings to date. Still hoping to organise Momentum traders evening when I find time.

shawky

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Post Number: 522
Registered: 11-2003

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Votes: 0


Wednesday, April 06, 2005 - 10:32 pm:

Thanks Marsupial

I received updates for Archer, Gohard, Greywolf, Ken, Magneto, Marsupial (no change), Starboard, Wambam and Aladdin.

I'll buy CXP tomorrow trying for 6.35 or on market if it looks like opening stronger. GSLO at 6% below entry price.

Archer, I noticed you did not end up working out an easy way to short the SPI for the game. The closest I can offer for the game is a short on XJO and manually check that you have sufficient funds to buy the contracts. You could put the cost of carry into the brokerage field somehow. Keep me posted.

Chart for March below. Good luck everyone.

regards
Shawky

starboard_tack

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Post Number: 213
Registered: 04-2003

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Votes: 0


Thursday, April 07, 2005 - 10:37 pm:

Shawky et al

I will sell IAG on open tomorrow

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

starboard_tack

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Post Number: 214
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Votes: 0


Friday, April 08, 2005 - 09:44 am:

Shawky et al

Cancel that last message from me - I will hold IAG until at least the end of today.

My system calls for decisions on a weekly basis - and I have to keep reminding myself to stick to my rules! I currently have a manual stop set on a weekly close below 6.22, with a GSLO of 6.07.

Well, at least no-one can say that the market is boring at the moment!

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

ken

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Post Number: 156
Registered: 04-2003

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Friday, April 08, 2005 - 10:54 am:

Shawky,

I will take a 10k position in KAR at the open this morning.

Ken

_cj_

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Votes: 0


Friday, April 08, 2005 - 02:09 pm:

Close JST at current price (2.72), volume seems reasonable enough plus there is small buyer at 2.73.

Replace with QGC at current ask (.44).

Cheers.

_cj_

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Registered: 09-2004

Rating: N/A
Votes: 0


Friday, April 08, 2005 - 02:18 pm:

I think I will also replace NTG at current bid (.05) and replace with DYL at current ask (.047).

shawky

Member

Post Number: 524
Registered: 11-2003

Rating: N/A
Votes: 0


Friday, April 08, 2005 - 04:24 pm:

Thanks CJ
I could not find a recent email from you for your bank. Would you mind re emailing it this weekend. The progress chart above does not include any of your recent activity.

I failed to buy CXP this week, so will try again next week.

regards
Shawky

_cj_

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Post Number: 161
Registered: 09-2004

Rating: N/A
Votes: 0


Friday, April 08, 2005 - 04:45 pm:

Sorry Shawky but I have been a bit lazy (havent even had a look at the portfolio manager yet), although I sent an updated copy of my bank last night.

Just send me a PM if you didnt get it and I will send it again.

Peace all,
-cj-

shawky

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Votes: 0


Friday, April 08, 2005 - 08:54 pm:

Thanks CJ
I did receive your Bank statement last night, too late for the March report though. I do recommend you look at the Portfolio Manager I sent you/posted on the forum. You should find it quite useful.

regards
Shawky

wambam

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Post Number: 53
Registered: 10-2003

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Votes: 0


Sunday, April 10, 2005 - 08:52 pm:

Shawky

Sell WDC 16.22

Will look to go long RMD above 7.81 Monday morning, after the first hour.

Wambam

magneto

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Post Number: 99
Registered: 08-2003

Rating: N/A
Votes: 0


Sunday, April 10, 2005 - 09:23 pm:

Sell NLX 0.365
Sell AMP 6.91
Buy MTT on Mon open.

Sincerely,
Mag

stevo

Member

Post Number: 285
Registered: 01-2003

Rating: N/A
Votes: 0


Sunday, April 10, 2005 - 11:44 pm:

I'm selling NLX and Buying ASL, MXL and VRL on the open Monday.

stevo

wambam

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Post Number: 54
Registered: 10-2003

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Votes: 0


Wednesday, April 13, 2005 - 08:03 pm:

Sold PEM today on the close

wambam

starboard_tack

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Post Number: 215
Registered: 04-2003

Rating: N/A
Votes: 0


Thursday, April 14, 2005 - 08:28 pm:

What a day!

Stopped out of IAG (GSLO) @ 6.07

Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

gohard

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Post Number: 288
Registered: 05-2003

Rating: N/A
Votes: 0


Friday, April 15, 2005 - 11:43 am:

Shawky,
Trying to tidy up after being slack have not purchased any new but find that my stops are still being hit ,that's what there for !!
HOF 1 CML SEll 9.20 11/4/05 I have only 3 live shares left in this portfolio.
HOF 2 ABC SELL 1.60 14/04/05 Same only 3 live here as well,struggling to find trending buys in falling market are the rest of the crew wearing the losses ???
Cheers G

gohard

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Post Number: 289
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Rating: N/A
Votes: 0


Friday, April 15, 2005 - 11:46 am:

starboard_tack

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Registered: 04-2003

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Votes: 0


Friday, April 15, 2005 - 08:04 pm:

Hi all,

It's hard to stick to the plan in these conditions!

Stopped out of BBG @ 12.06 GSLO.
Stopped out of UTB @ 12.99 GSLO.

Regards,
Starb'd

(Message edited by starboard_tack on April 15, 2005)

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

captain_chaza

Member

Post Number: 1146
Registered: 02-2003

Rating: N/A
Votes: 0


Friday, April 15, 2005 - 10:03 pm:

Question #1?

One manipulating Fund Manger forging a NE Passage
verses another manipulating Fund Manager forging a SE passage

Where to NOW?

Question #2

Two manipulating Fund Managers forging a NE Passage
verses another two manipulating Fund Manager forging a SE passage

Where to NOW?

Question #3
Three manipulating Fund Managers forging a NE Passage
verses another two manipulating Fund Manager forging a SE passage

Where to NOW?

I don't know!
Do You?
Salute
Captain Chaza\
capn

Struth!
I hope nobody is playing around with my hard earned!?

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

stevo

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Post Number: 286
Registered: 01-2003

Rating: N/A
Votes: 0


Saturday, April 16, 2005 - 09:37 am:

My Razoo Index Filter is definitely off!

The systems I trade for real stopped buying 3 weeks ago, but this paper trading index filter stayed on until this week. Such is trading.

When this system (Razoo) shuts down it sells without waiting for the stop to be hit unless the stock is very bullish.

Selling AAC, ASL, AWC, BIL, HHG, JBM.

I should only be holding MXL, and UGL. The rest will be in cash.

In a post above I stated that I was buying VRL, however I ran out of Shawkey Dollars and couldn't make the trade.

stevo

PS I find that I don't really enjoy paper trading. It seems a little pointless not risking real money and making real trades. However I am interested to see how I handle this system's characteristics. I don't make any discretionary decisions I just run the scans and buy / sell accordingly. This is a psychological test.

I am using the weekly open price for the trades for simplicity but I doubt I would often get this price. In the long run it shouldn't really matter.

magneto

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Post Number: 103
Registered: 08-2003

Rating: N/A
Votes: 0


Sunday, April 17, 2005 - 10:22 am:

More selling!

Sell OMP 2.55
Sell CGF 3.13
Sell ROC 1.70

Only two left.

Sincerely,
Mag

_cj_

Member

Post Number: 166
Registered: 09-2004

Rating: N/A
Votes: 0


Monday, April 18, 2005 - 12:25 am:

Sell LVL, DYL, QGC on the open.

Short RMD, NAB.

Cheers,
-cj-

greywolf

Member

Post Number: 287
Registered: 04-2004

Rating: N/A
Votes: 0


Monday, April 18, 2005 - 11:36 am:

Shawky,
Stopped out of my last two holdings this morning
TAH @ $15.67
MAP @ $3.02
All in CASH now awaiting opportunities!!
cheers

Keep this in mind; The Stock Market does not care what you or I think!

gohard

Member

Post Number: 291
Registered: 05-2003

Rating: N/A
Votes: 0


Monday, April 18, 2005 - 01:22 pm:

Shawky,
Stopped out HOF1
CXP 6.27 15/04/05
ABS 5.48 18/04/05

Stopped out HOF2
IRE 3.98 18/04/05
ALN 8.46 18/04/05

Holding HOF1 AGL S/L 13.33
Holding HOF2 PMM S/L 3.71
Trawling through not much on offer,will keep you posted
Cheers G

starboard_tack

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Post Number: 219
Registered: 04-2003

Rating: N/A
Votes: 0


Monday, April 18, 2005 - 04:34 pm:

Shawky,

Stopped out of QBE today - GSLO 14.49

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

starboard_tack

Member

Post Number: 227
Registered: 04-2003

Rating: N/A
Votes: 0


Friday, April 29, 2005 - 11:06 am:

Shawky,

Stopped out of TOL today @ 12.67 GSLO

Looks like my remaining two (OSH and SLM) may not be far away as well. But, for this exercise, I am sticking to the plan.

Regards,
Starb'd

PS Looks like Colin's level of 3940 for the XAO is under threat today!

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

starboard_tack

Member

Post Number: 228
Registered: 04-2003

Rating: N/A
Votes: 0


Friday, April 29, 2005 - 11:41 am:

Hi again Shawky,

Short MRL @ .83

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

stevo

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Post Number: 290
Registered: 01-2003

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Votes: 0


Sunday, May 01, 2005 - 09:18 pm:

Exit MXL on open.

stevo

starboard_tack

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Post Number: 229
Registered: 04-2003

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Tuesday, May 03, 2005 - 09:55 am:

Hi Shawky,

Sell SLM on open.

Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

stevo

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Post Number: 291
Registered: 01-2003

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Sunday, May 08, 2005 - 08:17 pm:

Exit UGL on open 9/5/05.

stevo

greywolf

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Post Number: 288
Registered: 04-2004

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Wednesday, May 11, 2005 - 12:06 am:

Shawky,
Buying ANZ,RIN and BBG on the open tomorrow
cheers

Keep this in mind; The Stock Market does not care what you or I think!

greywolf

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Post Number: 289
Registered: 04-2004

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Wednesday, May 11, 2005 - 07:25 am:

Changed my mind! NOT buying anything this morning.
cheers

Keep this in mind; The Stock Market does not care what you or I think!

shawky

Member

Post Number: 528
Registered: 11-2003

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Votes: 0


Wednesday, May 11, 2005 - 09:10 am:

Morning all
Welcome to the land of folly where the resources boom has filled little Peter's coffers and we all benefit as long as we work harder and for longer.

A favourable outcome for fund management from the budget. I can't identify any sectors that will benefit substantially from the budget. Any thoughts?

HOF players, please ensure you email me your trade bank spreadsheet by the end of May for a performance report.

regards
Shawky

starboard_tack

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Wednesday, May 11, 2005 - 09:34 am:

Hi Shawky,

I'm like you - not sure what sectors will benefit. I would only be speculating - as I suspect the major players would be too! The budget just adds confusion to an already confused market.

As trend followers, I think that we still need to stand aside and patiently wait for some confirmed trend to develop. This could take a while.

Don't forget Colin's last diary - "At some point we can expect a bear market rally, with remaining buying energy spent on a test of resistance at 4080 (from the lows of [1] and [2]). That is likely to be followed by a sharp down-trend that tests support at 3450".

Regards,
Starb'd - thinking that messing about in boats would be more profitable at the moment!

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

peterloh

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Post Number: 1161
Registered: 03-2003

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Votes: 0


Wednesday, May 11, 2005 - 09:42 am:

Hi Shawky & members,

Fund Management benefits as now it abolishes the superannuation surcharge which was very costly to administer and little benefits to them. On top of that it serves as additional incentives for high income group to contribute again as it is more attractive now without the superannuation surcharge.

FUTURE FUND

The government has been deferring their problems for too long, namely that the government's liability on superannuation which is a defined benefit was left unfunded and now stands at about 91 billion and expected to increase to 140 billion in 15 years time.

An indication that an initial contribution of 16 billion $ and earnings to be re invested. Actual investments is to be contracted to private fund managers.

This is also encouraging for Equities, as it means another instos buying in the market, whereas in the past the government meets its commitments when it falls due only.

There is no indication of any benefits for infrastructure though.

The above is my understanding.

Cheers,

PL

archer

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Post Number: 671
Registered: 11-2002

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Votes: 0


Friday, May 20, 2005 - 01:13 pm:

Buy 100,000 ANO at 0.099c

archer

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Post Number: 683
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Votes: 0


Tuesday, May 24, 2005 - 04:05 pm:

BUy 300,000 SCE @ .027c

archer

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Post Number: 687
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Votes: 0


Thursday, May 26, 2005 - 10:16 am:

Sell QED @ 0.055c

archer

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Post Number: 698
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Votes: 0


Tuesday, May 31, 2005 - 11:28 am:

Buy SLX 9000 @ 1.06

archer

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Post Number: 699
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Votes: 0


Tuesday, May 31, 2005 - 11:56 am:

Ive been accused of cheating during this HOF game
over in the commodities thread
http://www.incrediblecharts.com/userscripts/forums/show.plx?tpc=6&post=66911#POS T66911
by an entity going by the handle captain cazza
I have read a number of his posts over the last 6 mths
and i have to say i have no respect for him so his cheat
claims dont concern me
I do however respect most others here so if there are any
concerns over my integrity let me know and i will withdraw
from HOF2 immediately
---Archer---

archer

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Post Number: 700
Registered: 11-2002

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Votes: 0


Tuesday, May 31, 2005 - 12:06 pm:

P.S
Ive gone thru the course of sales during the days of my
respective trades to make sure i had not made any
mistakes but cannot find any discrepancies

starboard_tack

Member

Post Number: 235
Registered: 04-2003

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Votes: 0


Friday, June 03, 2005 - 09:20 am:

Hi Shawky & all,

Just returned from the Whitsundays (what a beautiful part of the world!).

Updating my holdings - was stopped out of MRL (short) on 27/5 with GSLO .77 (maybe turn out to have been prematurely with a stop too tight). That leaves my only holding of OSH (long).

Will email my spreadsheet today.

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

nightstalker

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Post Number: 816
Registered: 04-2004

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Votes: 0


Sunday, June 05, 2005 - 11:45 pm:

Archer - don't worry about it in the least :-)

You have a proven track
record, and I see no sign of any shonky business. Trust is essential, and
after all - there is no point in cheating anyway - you don't gain
anything, but risk losing respect. So - ignore the barbs, and keep doing
what you do best - picking stocks!

Similar thing happened to me last year in HOF1 - somebody else
suggesting monkey business, which wasn't the case. So I know how you
feel. Takes all sorts to make a world, as they say, and most on this
forum would trust and respect most of the others on here.

Keep up the good work.

As for my picks - I've been trying to let them sit there, as a
buy-and-hold experiment, but they ain't doing all that well at the
moment! I'm going to have to revert to my usual trading style soon,
methinks ;)

Regards, NightStalker

"The trend is your friend till the bend at the end"

archer

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Post Number: 728
Registered: 11-2002

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Monday, June 06, 2005 - 09:34 am:

Thanks Nightstalker
I posted in an attempt to get the accuser to substantiate
his claims and thinking if he could not he would most
likely bug off
Funnily enough he has not been heard of since
All the best
---Archer---

marsupial

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Post Number: 40
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Monday, June 06, 2005 - 11:32 pm:

Just a brief note to shawky etc.

I've been overwhelmed with the day job and other issues lately. No time to breath. Wonder how the HOF 2 is travelling.

I would still like to get a momentum traders evening organised.

_cj_

Member

Post Number: 185
Registered: 09-2004

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Votes: 0


Tuesday, June 07, 2005 - 02:41 pm:

Hey Archer,

Good to see the captain is specific and detailed like always. Just wanted to ask where you access the historical course of trades from? So far I have only been able to find daily course of trades data.

As for the HOF2 I have seriously neglected it of late.

I will close DRA at current bid .205 while it is up.

Close NAB at current ask 31.21.

Buy CTO at current ask, .13.

I think my constant buying/selling and lack of structure in this game has been a bit of an eye opener, it seems to reflect my real trading somewhat.

Definitely have to keep working on my short selections; LSG has done well though.

Peace all,
-cj-

archer

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Post Number: 730
Registered: 11-2002

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Votes: 0


Tuesday, June 07, 2005 - 02:52 pm:

Hi cj
On the CFD platform thru MAN i can look up any selected
day's course of sales
Just punch in the date and all the trades for that day
pop up
---Archer---

farknose

Member

Post Number: 195
Registered: 02-2003

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Votes: 0


Wednesday, June 29, 2005 - 08:40 am:

ill have to admit i havent read the rules . but i only have 1 stock anyway and id like to make it for the yr .make or break
rederob will love this 1 yes its ::: VTI :::
from reading the thread its $100k on vti on the nose in total 142,000 shares AT 70C
see you all in 12 months if not sooner :-)

am i a guru !!!! farknose

julles

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Post Number: 1456
Registered: 01-2003

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Friday, July 01, 2005 - 12:36 am:

Hello Hilarious, I hope you and your Sister in law ... Lady Claudious' are well. If your ever up my way again it would be my honour and privilege to have you to dinner.

Just give me a hoi' .. Julles

hilarius

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Post Number: 818
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Friday, July 01, 2005 - 07:24 am:

Julles

Thanks for your kind invitation

We are moving house right now ... and I guess you know what that can be like ...

I always read your messages but have not had a lot of time to respond lately

Hope all is going well with you

Hilarius (& his better half)

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

shawky

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Saturday, July 02, 2005 - 12:45 pm:

Hi all

If you would be kind enough to email me your Bank spreadsheets this weekend, I'll work on an end of financial year chart and report.

regards
Shawky

hans

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Monday, July 04, 2005 - 09:32 pm:

Shawky, could you post the June portfolio chart please, Hans.

marsupial

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Wednesday, July 06, 2005 - 07:50 pm:

Due to enemy activity I have lost my computer, back up CD's etc. In fact, I'm standing here naked.

I would like to comply with your request Shawky, but I have squat!!!

If you could let me know what stocks I hold I'd feel better.

Reply to oxr@hotmail.com or on this forum or the other email address you have.

Any thoughts of another get together. I've been immersed (submerged actually) in the day job recently.

I plan to retire in 12 months and want to finalise a momentum trading activity to make good $$. I own Osprey ST system from Sharefinder, which is doing well on US market, but havn't used it yet due to too few hours innmy hectic schedule.

Still doing very well in the resources sector which IMHO is just at the start of a long term bull cycle.

shawky

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Registered: 11-2003

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Friday, July 08, 2005 - 06:59 am:

On its way Marsupial

Team, I've been doing some consulting work which is only leaving enough time to eat and sleep, but I will have a go at finishing the June chart this weekend.

regards
Shawky

ann

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Post Number: 797
Registered: 04-2004

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Votes: 0


Friday, August 19, 2005 - 08:44 pm:

Hi Guys,

I was enjoying this thread, where did you all go?

Anyway, I am in a Tipping competition elsewhere, so I will tell you the rules and then when I have done my dough big time I will let the real traders get back to it. It is my first tipping comp so don't jeer too loudly, I don't know the tricks of the game yet. Your choices have to have a theme name like 'materials' or 'conservative'. Even a name like 'random choice' is OK.

These were my picks, the game began a couple of days ago.....

'Macquarie Group'
Prices as at 16/08/05

$100,000 starting balance.

3364 MAP @ $3.27ea = $11,000.28
1939 MCG @ $6.19ea = $12,002.41
5655 MCW@ $1.945ea =$10,998.98
9322 MDT @ $1.18 ea =$10,999.96
2663 MGQ @ $4.13ea = $10,998.19
2771 MIG @ $3.97ea = $11,000.87
5472 MLE @ $2.01ea = $10,998.72
8366 MOF @ $1.315ea =$11,001.29
9482 MPR @ $1.16 ea = $10,999.12

Total invested in shares = $99,999.82

Cash balance = 18c

=========================================================

Details:

Game Start: 10am Wednesday 17/08/05
Game End: 4pm Tuesday 13/09/05

ie. the competition goes for one month (20 trading days). Use Tuesday 16/08 closing prices for the initial stock picks.

Starting Money: each player starts with $100,000 hypothetical dollars, for ease of game, no brokerage costs are taken into account.

- Only one entry per person

- No new entrants after End of Friday 26/08/05

- Players can invest in any of the ASX300 shares.

- Players cannot hold any more then 10 different stocks at one time.

- No more then one quarter of total money can be spent on any 1 stock. (ie. No more then $25K from the initial amount)

- There are only 3 occasions players can buy and sell stocks:
a) Stocks can only be bought when the player enters the game for the first time, using the previous day’s closing prices as the ‘buying price’.
b) At the end of the game all stocks held by the players are considered to be sold.
c) You can trade on Weekends between Close of ASX on Friday’s (4pm EST), and midnight Sundays (EST).

- Stocks must be from the ASX300

Cheers
Ann

hans

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Registered: 01-2003

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Monday, September 12, 2005 - 08:27 pm:

Is there anyone who wants to keep this thread going? It seems a shame to lose it.

shawky

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Post Number: 543
Registered: 11-2003

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Sunday, September 18, 2005 - 03:44 pm:

Hi everyone
It is amazing how easily a topic can go cold. I must apologies for not posting a chart sooner. Many players have not made any trades sine earlier this year so the results rally reflect buy and hold portfolios. I got stopped out of ERG earlier this year on HOF 1 but apart from that, no changes on either HOF game for me. Still the results are quite pleasing. If you still wish the game to continue please let me know. At the end of September, those who have not responded will be removed from the game to help reduce my workload. I can email all players their latest bank spreadsheets if so desired.

HOF 2 Sep

My performance on HOF 2 reflects the lack of effort I have put in this year. I hope everyone else has been doing much better.

The performing stocks have been ANO AOE COH HSP JBM NTG OSH UGL WPL ZFX.
The worst performing stocks have been CRS DRA GTM GTP LUM NAL NLX PMP TBC TGD.

regards
Shawky

shawky

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Sunday, September 18, 2005 - 03:57 pm:

For all the Hall Of Fame 1 Players below is the last chart you will see for this game. All positions have been closed and the huge windfall of Hilarius $ has been forwarded to the Monastery. As you may have already guessed, Mother Superior purchased a very high tech Potato Peeling machine as brother Hilarius and I were always too slow. Catch is, we are both responsible for loading the machine now...the work is never ending!

Top performing stocks (>100% p.a.) were ALL ARQ CTX GCL HZN MUR NXS OSH QGC RSN.
The worst performers (<-42%p.a.) were CMQ LOK LUM NDC AGY SFC TRO TAA KRS TRO. ION and SGW came in 11th and 12th.

regards
Shawky

ingot54

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Post Number: 837
Registered: 05-2004

Rating: N/A
Votes: 0


Sunday, September 18, 2005 - 04:14 pm:

Hi Shawky

Unfortunately my personal circumstances dictate that I am unable to devote any attention to the portfolio, in the short term. I beg to be excused. Please use any profits accrued to fund home-help for the Friary kitchen...

I am sure the $H10,100 or so will purchase some research on the self-peeling potato as well...

Thank you for your huge effort, and the efforts of everyone else who participated. I did enjoy this worthwhile exercise.

I look forward to following the rejuvenated portfolios and their fortunes, for those who elect to go on with it now.

Keep Smiling

Trading style :Short Term and CFD's predominantly

starboard_tack

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Post Number: 319
Registered: 04-2003

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Votes: 0


Monday, September 19, 2005 - 10:31 am:

Hi Shawky,

I too am unable to put sufficient time into my portfolio.

Thank you for all the huge effort. I wish you and all the players fair winds.

Please put my $Hil to good use. I have peeled a hole bunch of potatoes and left them in the scullery for you all.

Regards,
Starb'd

"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats"
Water Rat to the Mole in "The Wind In The Willows"

hans

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Post Number: 6
Registered: 01-2003

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Votes: 0


Monday, September 19, 2005 - 09:59 am:

Hi Shawky,

Welcome back, this site sure has missed your leadership and fell over without you. Some of us take for granted the hard work you have put in and I for one are willing to help you if needed. I would like to see HOF2 keep going as it is an important that the skills learned from the whole forum site are put to the test on your HOF investment challenge. Although I haven't been a regular active participant on this sight I have found that the whole forum thing has been an enormous learning curve for me and many others and probably where I have gathered most of my knowledge through the various links discovered on the way.This HOF link has let me test out what I have learnt listening to you guys go about the daily trade speak and give me the confidence in my trading plan.Go for it!! Hans.

marsupial

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Post Number: 43
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Votes: 0


Monday, September 19, 2005 - 10:14 pm:

Hi Guys

Thanks to Shawky for the re-birth of the HoF 1 + @.

Stand by for a workover of my HoF 2 portfolio. A number of mine need to go and new ones purchased.